B. Riley Q3 Results Update: Expect Short-Term Debt To Be Repaid In Due Course
Portfolio Pulse from
B. Riley Financial, Inc. has filed a notification of late filing with the SEC, needing more time to assess the impact of the Franchise Group bankruptcy and recent asset monetizations on its financial statements. The company disclosed preliminary Q3 results, ending the quarter with $159 million in cash and $2.06 billion in debt.
November 14, 2024 | 3:30 pm
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B. Riley Financial has delayed its SEC filing to evaluate the impact of the Franchise Group bankruptcy and asset monetizations. The company ended Q3 with $159 million in cash and $2.06 billion in debt.
The delay in filing and the need to assess the impact of a bankruptcy and asset monetizations suggest potential financial instability or adjustments. The high debt level compared to cash reserves may concern investors, likely leading to short-term negative sentiment.
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IMPORTANCE 80
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